Metrovacesa Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	56.86	15.89	-20.84	-23.48	18.46
Depreciation & Amortization	1.23	-3.33	3.18	6.6	-5.37
Income (Loss) on Equity Investments	0.09	0.69	5.84	3.46	-1.35
Change in Accounts Receivable	-1.27	-13.71	-23.88	-11.66	-4.62
Change in Accounts Payable	-12.68	-2.77	41.94	48.91	-9.63
Change in Other Net Operating Assets	5.52	-0.95	-2.13	15.86	-2.72
Other Operating Activities	42.9	41.66	65.68	39.42	24.79
Operating Cash Flow	217.11	94.96	32.24	211.27	138.97
Operating Cash Flow Growth	128.64%	194.56%	-84.74%	52.02%	-
Acquisition of Real Estate Assets	-7.58	-	-2.3	-2.12	-1.81
Sale of Real Estate Assets	-	4.12	-	-	-
Net Sale / Acq. of Real Estate Assets	-7.58	4.12	-2.3	-2.12	-1.81
Cash Acquisition	-0.45	-0.81	-0.64	-0.39	-1.2
Investment in Marketable & Equity Securities	-6.75	36.19	-25.81	-5.51	-
Other Investing Activities	-	-	-	-	-0.84
Investing Cash Flow	-14.78	39.51	-28.74	-8.02	-3.85
Long-Term Debt Issued	400.71	402.82	568.23	159.87	321.71
Long-Term Debt Repaid	-355.67	-443.05	-478.32	-209.63	-370.84
Net Debt Issued (Repaid)	45.04	-40.24	89.91	-49.76	-49.13
Repurchase of Common Stock	-	-	-	-21.14	-
Common Dividends Paid	-239.49	-104.59	-100.02	-229.88	-120.48
Other Financing Activities	-0.26	0.5	0.89	-	-
Net Cash Flow	7.63	-9.87	-5.72	-97.54	-34.49
Cash Interest Paid	22.64	24.75	22.94	11.49	14.37
Cash Income Tax Paid	7.71	0.81	2.97	4.92	-
Levered Free Cash Flow	208.51	96.83	63.02	52.24	150.19
Unlevered Free Cash Flow	225.33	120.14	77.38	59.26	159.81
Change in Working Capital	116.04	40.06	-21.61	185.28	102.45